Entry in Dredging corporation can be taken after closing above 399. The target for the stock will be 425 and 456. 341 can be considered as the stop loss for the company. Dredging Corporation is a company which was seeing a decline in net cash flow off late but in the recent results it’s cash generation ability is increasing again. Dredging Corp is a company low...
Dredging Corporation of India Ltd - 23.12.2021
The stock is trading @ 322 levels
There is a MACD Bullish Divergence in Weekly Chart
Prices are above EMA
Spinning Top in weekly chart
let the prices go above 326
watch out for the price action
he above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Best Entry would be between 325 to 340. Trade set up is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before...
